INTERESTING FACTS ABOUT HOAs
According to the Foundation for Community Association Research, approximately 22-24 Percent of the U.S. population live in private communities governed by Condominium, Cooperative and Housing Associations.
U.S. Residents Living in HOAs
Number HOAs in the U.S. Over Time
Source: Community Associations Institute - National and State Statistical Review for 2017 Community Association Data
LATEST ARTICLES & ANALYSES
Condominium living can be a great experience. You get the community feeling of an apartment complex with the financial benefits of homeownership. But before purchasing a condo, you need to know what you’re getting into. Condo associations offer tangible benefits and services to their members, but members also owe certain obligations to the association and duties to their neighbors. Of course, condo associations are not all the same, and the legal framework governing condominiums varies from state to state. In general, though, there are a few important principles every condo owner or prospective purchaser should keep in mind.
Voting rights and procedures for members of a community association are extremely important as the right to vote for the Board of Directors and other important issues that affect a member’s ownership and use of his or her property are central to an HOA members fundamental interest. Thus, members of homeowners’ associations should familiarize themselves with the applicable bylaws and rules of the community so that the processes and procedures are known and understood. This knowledge will prepare members to vote on important issues with a clear understanding of the processes involved.
An elected HOA board is tasked with general administration and operation of the association, including enforcement of covenants, restrictions, and rules. When running smoothly, a board serves a valuable purpose in the community, helping to maintain an orderly, peaceful neighborhood. Unfortunately, though, friction between an HOA board and individual members, or even among board members, is not uncommon. And the resulting conflict can lead to litigation and other unpleasantness.